Applied Minerals Inc (AMNL)

[MasterSalix]

Good questions. I too am surprised at how many shares are available down at these levels - I would have thought we were done with the selling when we broke sub-penny at the end of the year (for taxes etc.). It is interesting to me how folks are still selling down here. They have to be taking huge losses. It is not good that they are willing to lock those in at this point, says a lot as to what they think of future prospects here.

I guess with huge debt and very little cash on hand - and dilution (or restructuring) coming - there are too many unknowns to bring in large buyers or get folks to average down here.

I would have thought we’d pop back and recover some in the new year, but it seems unless we get some good news out of the company sub-penny is going to be here for awhile...